The National Association of Home Builders (NAHB) predicts that the pace of new home sales will be under pressure in April as mortgage rates moved above 7% in April.
A new report suggests that pent-up demand, moderating interest rates, and a lack of existing inventory helped push single-family starts in February, reaching their highest level since April 2022.
A newly released report estimates that the global specialty adhesives market size was valued at $4.7 billion in 2022 and is anticipated to grow at a CAGR of 4.7% from 2023 to 2032.
The global bio-adhesives market is expected to grow due to the advancement of biotechnology, increasing environmental regulations, and the growth of the packaging industry.
According to a report by Straits Research, the global construction adhesives market is expected to grow to $17.88 billion in 2031 due to investments in infrastructure and rising demand from the residential sector.
According to a report by Research Nester, the global cellular rubber market is expected to grow from $8.4 billion in 2022 to $18 billion by 2035. The growth is due to the forecasted rise in the automotive, rubber, electronic, and space industries.
Despite high interest and mortgage rates, construction of single-family housing units grew in September as buyers are turning to new homes due to a poor resale market.
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